RTW makes new investment in Biomea Fusion – RTW Venture Fund, alongside other investment vehicles of RTW Investments, LP – its investment manager – and other investment firms, has participated in a $56m Series A financing round for Biomea Fusion. Biomea is a US-based privately held precision oncology company dedicated to developing innovative medicines targeting specific […]
Riverstone Credit updates on deals – Riverstone Credit Opportunities Income has originated one new investment and realised some or all of a number of existing investments. New Deal Activity § Project Mirror – RCOI participated in a $20.0 million first lien delayed-draw term loan to a community solar development company. Led by operating partners of a […]
In QuotedData’s morning briefing 7 January 2021, as the Democrats win control of the Senate and the US Capitol building is invaded, the news in the investment companies industry is a bit more mundane: Hipgnosis Songs has entered into an agreement with a syndicated group of lenders, with JPMorgan Chase Bank as lead arranger, to increase its […]
Hipgnosis now owns 100% of Fleetwood Mac’s Lindsey Buckingham’s catalogue – Hipgnosis Songs Fund has acquired a catalogue from Lindsey Buckingham, best known as the lead guitarist and vocalist of Fleetwood Mac. Hipgnosis had bought a 25% share in this catalogue on 30 September 2020 and now owns 100% of Lindsey Buckingham’s music publishing rights, including […]
Tufton adds another ship to portfolio as core management team ups its stake in the manager. Tufton Oceanic Assets has acquired a containership for $6.75m. This takes its fleet to 19 vessels. The vessel has a fixed rate time charter of at least three years to a major container line which is investment grade. It is […]
In QuotedData’s morning briefing 5 January 2021: Apax Global Alpha says that Apax IX (one of the underlying funds that make up its portfolio) is selling a minority stake in Paycor. The transaction values the trust’s investment in Paycor at approximately €51m. This represents an uplift of about 30% and adds about €11.8m (€0.02 per share) to […]
JPMorgan Indian bet on cyclicals and lost – JPMorgan Indian says that, for the year to 30th September 2020, it underperformed its benchmark by a considerable margin – returning -16.2% in JNAV terms against -4.2% for the MSCI Indian Index. A widening discount left shareholders with a return of -23.2%. The board says that “over the […]
SDCL Energy achieves critical mass in US – SDCL Energy Efficiency Income Trust has agreed to acquire a series of portfolios of commercial and industrial on-site solar and energy storage projects in the United States, together with a 50% interest in the platform that has created them, Onyx Renewable Partners from funds managed by Blackstone for […]
In QuotedData’s morning briefing 24 December 2020: Gresham House Energy Storage has conditionally agreed to acquire a c.30MW battery project located near Wester Dechmont, Livingston in West Lothian, Scotland. Byers Brae is a battery-only site with a c.30MW/30MW export/import capacity which is currently expected to be commissioned in the second quarter of 2021. The project is […]
Stenprop buys three more industrial estates – Stenprop has acquired three multi-let estates in Edinburgh, Cardiff and Wigan for a total consideration of £11.82m. The 81,495 sq ft estate in Wentloog, Cardiff has been acquired for £6.25m, reflecting a net initial yield (“NIY”) of 6.3%, in an off-market transaction. It currently generates a total annual […]
